Home Capital Results

PLife REIT declares 2.6% higher 2Q DPU of 3.27 cents

PC Lee
PC Lee7/31/2019 08:05 AM GMT+08  • 2 min read
PLife REIT declares 2.6% higher 2Q DPU of 3.27 cents
SINGAPORE (July 31): The manager of Parkway Life Real Estate Investment Trust (PLife REIT) reported a Distribution per Unit (DPU) of 3.27 cents for 2Q19 ended June, which represented an increase of 2.6% from a year ago.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (July 31): The manager of Parkway Life Real Estate Investment Trust (PLife REIT) reported a Distribution per Unit (DPU) of 3.27 cents for 2Q19 ended June, which represented an increase of 2.6% from a year ago.

Gross revenue for 2Q19 grew 2.9% to $28.9 million, mainly due to revenue contribution from the Japan property acquisition in 1Q18, higher rent from Singapore properties and appreciation of the Japanese Yen. Correspondingly, net property income increased 2.3% to $26.8 million.

As at June 30, there were no long-term debt refinancing needs for the group till 20203 and the group continues to enjoy an effective all-in cost of debt of 0.91% with an interest cover ratio of 13.8 times. Gearing remains optimal at 36.9%.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now